Today´s 5th Annual General Meeting of Christ Water Technology agrees on a stock option program for management and the supervisory board to increase shareholder value generation and loyalty of key staff. For this purpose management was authorized to issue up to 891,675 new shares corresponding to up to 5% of the shares outstanding. Alternatively, treasury shares to be bought back may also be used to cover the program. The maximum number of options is 891,675. The exercise period extends over 3 years one third of the volume each between 15th to 31st of March in the years 2007, 2008 and 2009.
Further, the AGM agreed on a share buyback program up to 10% of the shares outstanding. Moreover, in compliance with the Austrian Corporate Governance stipulations and the EU-Takeover-Directive the maximum 15% discount for takeover offers according to the Austrian Takeover Act was excluded. Ms. Gerda Egger and Mr. Emil Flückiger-Roth were elected as new members of the supervisory board following the retirement of Andreas Weissenbacher, CEO of the BWT Group. The full results of the AGM are published in german version on www.christwater.com/DE/Investoren/Hauptversammlung .
Contact:
Christ Water Technology AG, A-5310 Mondsee, Walter-Simmer-Str. 4
DDr. Karl Michael Millauer, CEO, P. +43 (0)664 2002305
Ralf Burchert, CEFA, Investor Relations
P. +43 (0)6232 5011 1113, Fax +43 (0)6232 5011 1109
E-Mail: ralf.burchert@christ-water.com